Meta's Reality Labs unit generated $1B+ in Q4 revenue but saw a record $4.65B operating loss; the metaverse division has now lost $42B+ since the end of 2020
Meta's Reality Labs hit $1 billion in revenue for the first time Dean Takahashi / VentureBeat : Meta Reality Labs loses $4.65B in Q4 Threads: Benedict Evans / @benedictevans : Best quarter ever for Me...
Analysis: Amazon had $38B in 2022 ad revenue, more than the entire global newspaper industry and likely above Prime, leading to questions over ads and marketing
Benedict Evans :
Sources: Substack dropped efforts to raise money, after talks to raise $75M-$100M at a $750M-$1B valuation, during which the company said 2021 revenue was ~$9M
Good afternoon! Today, Realm's no-code beta enters it's … Michael Spencer / Creator Economy Tips : Substack Halts Plans for Series C Funding Casey Newton / Platformer : Substack's failed fundraise Tw...
Several Instagram creators say Reels payments have fallen in recent weeks by up to 70% and the view threshold for getting paid is over 10 times higher
Cristina Criddle / Financial Times : Tweets: @coralreefer420 , @rachelszero , and @benedictevans Tweets: Coral Kamstra-Brown / @coralreefer420 : I've been getting reels $ for 3 months now & it would ...
As Amazon's ad revenue passes YouTube's and US pay TV subscriptions drop, ad budgets will shift further to targetable spots and other customer-acquisition tools
Benedict Evans : Tweets: @tomroach , @hkanji , @mrstephendeng , @durgaraghunath , @jeffjarvis , @nairsameer , @rahulwelde , and @damianburns See also Mediagazer Tweets: Tom Roach / @tomroach : A simp...
Interview with a16z General Partner Martin Casado as the company rolls out a new $400M fund focused on seed investments
again Maria Deutscher / SiliconANGLE : Andreessen Horowitz launches new $400M seed fund Jacquelyn Melinek / Blockworks : a16z Launches $400M Seed Fund To Expand Into New Technology Biz Carson / Protoc...
How Stripe became Silicon Valley's most valuable private company by being capital efficient at scale and having a self-sustaining core payments business
Underpinning $95bn valuation is investors' belief that payments digitisation still has some way to run Tweets: @financialtimes , @tim , @benedictevans , @carnage4life , @patrickc , and @katie_roof Twe...
MetaKovan, an anonymous digital asset investor and founder of NFT focused crypto-based investment fund Metapurse, is the buyer of the $69M Beeple NFT
Sort Of Eileen Kinsella / Artnet News : ‘This Is Going to Be a Billion-Dollar Piece Someday’: The Buyer of the $69 Million Beeple NFT on Why It's the Greatest Artwork in a Generation Marion Maneker / ...
Skydio raises $171M led by a16z at a valuation of $1B+, the first significant fundraising by a US-based drone maker after China's DJI was blacklisted by the US
the first American drone maker to become a unicorn Led by @a16z Signals broader confidence for the US in the second act of drone wars Skydio valuation raises American hopes in drone war with China htt...
Clubhouse raises Series B led by a16z, says it has 180+ investors, and will test options for paying creators and begin work on an Android app soon
When I first met Paul Davison, it took about 10 seconds to realize … Tae Kim / Bloomberg : Forget TikTok. Clubhouse Is Social Media's Next Star. Darrell Etherington / TechCrunch : Clubhouse announces ...